EDI stands for Electronic Data Interchange. At Piekos Appraisals, we offer to our customers at no additional charge, electronically transmitted reports in real time, which dramatically cuts down on turnaround time and reports delayed in the mail. Complete reports including color digital photos, mapping and electronic signatures are available to you now with a minimum amount of software and hardware required. We have the capability to transmit the appraisal report via email, or you can retrieve the finished report right from this web site! The advantages of electronically transmitting the appraisal report are many, including:

Faster turnaround time

No more reports lost in the mail

Print out as many originals as you want

With electronic retrieval, you'll always have a copy

For those that will be electronically packaging loans, you will be able to attach the appraisal report along with it!

If your office has a computer and a connection to the Internet, you’re already halfway there! You can also print out the high resolution photos on your color printer! Talk to Paul for details. For customers wishing traditional reporting, a verbal or fax after completion can be sent at your request.

Piekos Appraisals now has Lighthouse! Lighthouse is by ACI and is currently supported by seven major software companies. It's accepted as the standard appraisal format by the industry's largest and most prominent lenders and management companies. Lighthouse translates appraisal reports created with eight different appraisal software programs into the Lighthouse standard format. Lenders can view and print Lighthouse compatible files simply by downloading the FREELighthouse Reader by ACI from their web site. The Lighthouse Reader is a FREE, universal appraisal viewer providing lenders, mortgage brokers, and appraisal companies with view and print technology for appraisals delivered in the Lighthouse standard format. Piekos Appraisals is also LandSafe approved (#LSA26556)!

Piekos Appraisals is part of the Mercury Network! The Mercury Network is the only service of its kind that combines a nation wide network of mortgage industry professionals with powerful desktop software that solves real problems for the lending community. With the net.X and XML foundations of Mercury Network and the Mercury Desktop software, it's easier than ever to send and receive orders to us. Join key companies who have joined the network and are already ordering appraisals from us.EXTRA! We are now also members of AppraisalPort and are AI Ready!

In response to neighborhood and community-action groups, HUD has unveiled the Homebuyer Protection Plan, a package of far-reaching reforms that will benefit consumers by dramatically reinventing FHA's home appraisal process. The FHA is hoping that this new "consumer friendly" approach will create a new level of consumer confidence in the homebuying process. It also increases the responsibility of the appraiser to make a more detailed inspection and disclose potential problems in the appraisal report. If you are using inexperienced FHA appraisers or appraisers that have not been updated to the recent changes to FHA in the past year, you may be exposing yourself to potential liability down the road. We have over twenty years experience as FHA appraisers and have the latest training. Paul Piekos attended the FIRST ever nationwide seminar on this new plan, given by the Appraisal Institute, in conjunction with the Mortgage Bankers of America and the National Society of Real Estate Appraisers. Paul also has a certificate of training by HUD. Paul is a state certified FHA appraiser. If you're worried that your current appraisal vendor is not up to speed on this rapidly changing subject, call Piekos Appraisals!

Mortgage lenders, mortgage brokers, is your present appraisal vendor too big? Chances are if it is, your appraisal orders are being filled by "state associate" appraisers with little or no experience. Even though there may be a supervisory appraiser overseeing their work before it's submitted to you, you may still have questions pertaining to the report that need immediate answers once you receive it. At Piekos Appraisals, we are familiar with Freddie Mac, Fannie Mae, FHA and the ERC guidelines. We have the experience to know when a report needs extra attention, and give it the attention it deserves the first time so your staff does not have to waste their time chasing down the appraiser for additional information. Before an appraisal report is released to you, it is double-checked; automatically by computer, and next by Paul Piekos (the human element). We pride ourselves in zero call-backs. Call-backs are unproductive and can waste valuable time when you're up against time commitments. If you're tired of wasting time with your present appraisal vendor, give Piekos Appraisals a call!